Tagged: EU

June 12, 2023 @ 10:47 pm By Omar Faridi  |  

Onfido, the automated identity verification provider, announced it has achieved ETSI TS 119 461 certification, the latest European technical standards for identity proofing and trust services by the European Telecommunications Standards Institute (ETSI). This allows Onfido to “act as an Identity Proofing Service Provider (IPSP)… Read More

June 11, 2023 @ 1:34 pm By JD Alois  |  

We last looked at the ECSPR [European Crowdfunding Service Providers Regulation] approved crowdfunding platforms in March 2023. At that time, 21 approved securities crowdfunding platforms were allowed to provide services across all European Union member states. ECSPR allows a platform to list securities from private… Read More

June 8, 2023 @ 9:09 am By JD Alois  |  

SeedBlink, a European securities crowdfunding provider, has expanded into the DACH countries – Germany, Austria, and Switzerland. SeedBlinke, based in Bucharest, has been announcing operations across different EU countries in recent months. SeedBlink pitches its services as a “co-investment platform,” allowing VC money to pair… Read More

June 1, 2023 @ 12:54 pm By JD Alois  |  

MiCA or Markets in Crypto-Assets – the legislation designed to create a regulatory ecosystem for digital assets in the European Union, has officially been signed into law. While the law had been previously approved and the signing is a formality, the legislation is now enforceable,… Read More

May 29, 2023 @ 11:07 am By JD Alois  |  

Following an initial €2.5 million from the Bulgarian Development Bank’s (BDB) Capital Investment Fund in February, Evrotrust eID is now part of the national eID program in Bulgaria. Bulgarian individuals and businesses will be able to access EU public services digitally from their mobile phones…. Read More

May 26, 2023 @ 9:15 am By JD Alois  |  

The European Systemic Risk Board (ESRB) has published a report providing a succinct outline of the global digital asset industry while outlining policy recommendations to regulate crypto and decentralized finance (DeFi). Similar to other reports, the ESRB views crypto as not systemically risky while noting… Read More

May 24, 2023 @ 11:34 am By JD Alois  |  

The University of Agder’s School of Business and Law Crowdfunding Research Centre has kicked off the European Crowdfunding Market Survey. The survey is being supported by the following entities: Bulgarian Fintech Association (Bulgaria) Bundesverband Crowdfunding eV (Germany) Czech and Slovak Crowdfunding Association (Czech Republic and… Read More

May 16, 2023 @ 3:17 pm By Omar Faridi  |  

The European Union (EU) brings crypto-assets, crypto-assets issuers, and crypto-asset service providers under a regulatory framework. Last month after several delays, the European Parliament adopted MiCA or Markets in Crypto-Assets regulation. This legislative development aims to allow all EU member states to provide digital asset… Read More

May 8, 2023 @ 12:25 pm By JD Alois  |  

SeedBlink, a newer online investment platform based in Bucharest but with global aspirations, has announced a strategic partnership with Italy-based Doorway – another securities crowdfunding platform. Doorway is a venture capital platform in Italy, enabling direct investment in the asset class by private and corporate… Read More

April 28, 2023 @ 8:26 am By Omar Faridi  |  

Bitpanda are pleased to announce that Raiffeisenlandesbank NÖ-Wien, which forms part of Austria’s major banking group, has become the first major traditional bank in the European Union “to move into digital assets through a planned collaboration with Bitpanda Technology Solutions.” Since launching their digital Investment-as-a-Service… Read More

April 24, 2023 @ 8:50 am By JD Alois  |  

As was reported last week, the European Parliament approved MiCA, or Markets in Crypto-Assets legislation, which aims to make the EU a digital asset-friendly jurisdiction. At the same time, the Transfer of Funds regulation was approved, which requires crypto operators to identify their customers as… Read More

April 23, 2023 @ 6:07 pm By Omar Faridi  |  

The EU Parliament’s passing of the Markets in Crypto Act, or MiCA, on Thursday has been hailed as a “landmark moment” for cryptocurrencies that will “help drive prices” for the likes of Bitcoin. This, according to the CEO of an independent financial advisory, asset management and… Read More

April 20, 2023 @ 11:26 am By JD Alois  |  

The European Parliament has adopted MiCA or Markets in Crypto-Assets regulation. This legislative development means the European digital asset (crypto-asset) will now have a bespoke regulatory framework, allowing all EU member states to provide services under a harmonized environment. After several delays, MiCA was approved… Read More

April 19, 2023 @ 11:47 am By JD Alois  |  

Januar ApS is reporting that it has received its full Payment Institution license from the Danish Financial Supervisory Authority (DFSA). Januar says that the license will enable it to serve clients across the European Economic Area (EEA). The company shares that it has received “significant interest:… Read More

April 17, 2023 @ 8:32 am By Omar Faridi  |  

Thunes, a global cross-border payments company, has been granted a new Payments Institution license by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) in France, which will enable the company “to send payments worldwide on behalf of its French or EU customers and partners.”… Read More

April 7, 2023 @ 12:28 pm By Omar Faridi  |  

MEPs approved stricter rules “to close existing gaps in combating money laundering, terrorist financing and evasion of sanctions” in the European Union. This past week, MEPs from the Economic and Monetary Affairs and Civil Liberties, Justice and Home Affairs committees “adopted their position on three… Read More

April 5, 2023 @ 9:13 am By Omar Faridi  |  

The second largest neobank in the European Union is reportedly launching in all 50 US states. bunq, a neobank in the EU, has filed an application for a US banking license with the FDIC in the state of New York. By applying for a bank… Read More

March 30, 2023 @ 8:47 am By Omar Faridi  |  

Smart contracts will reportedly have to include a “kill switch” under an update of the European Union’s (EU) Data Act which was recently released by the bloc’s member states on Monday (March 27, 2023). The European Union’s Council, which is focused on representing national governments,… Read More

March 20, 2023 @ 5:00 pm By JD Alois  |  

In 2020, rules were approved by the European Union to facilitate cross-border online capital formation for issuers raising up to €5 million. For platforms, they must seek approval from the relevant authority in their home member state. While the process has been a bit slow,… Read More

February 22, 2023 @ 8:08 am By Omar Faridi  |  

Klink Finance, a crypto startup based in London, has received its initial authorization to offer its cryptocurrency services across the European Union. Klink is “building a Prize Linked Wallet that offers cryptocurrency investors the opportunity to store their funds and earn regular rewards on top… Read More